That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. So, uh, whenever I hear about Telegram, it’s always in relation to something bad. What gives? The Russian invasion of Ukraine has been a driving force in markets for the past few weeks. The regulator took order for the search and seizure operation from Judge Purushottam B Jadhav, Sebi Special Judge / Additional Sessions Judge. Sebi said data, emails and other documents are being retrieved from the seized devices and detailed investigation is in progress.
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